LONDON: Touchstone Exploration has agreed to acquire Trinity Exploration and Production, with the boards of both companies expressing their satisfaction over the terms of the all-share offer. The acquisition, structured as a scheme of arrangement under the Companies Act, will result in Trinity shareholders receiving 1.5 new Touchstone shares for each share they hold. Upon…
Mammoth Security acquires Adeva for $2.5 million
SYDNEY, AUSTRALIA: IMG’s subsidiary Mammoth Security has entered into a binding sale and purchase agreement today to acquire 100% of the shares in Adeva from its founders. Adeva is a national security provider with a highly focused team of technicians that offers a wide range of intelligent products and services, including access control barriers, CCTV…
Dubai unveils ambitious AI blueprint to transform into a global tech hub
Dubai has announced the launch of its comprehensive AI blueprint, a strategic annual plan aimed at leveraging AI to enhance global quality of life. The ambitious plan kicks off with the designation of a dedicated AI CEO for each government entity. Following this, Dubai will establish an Artificial Intelligence (AI) and WEB3 Incubator, poised to…
Outbound.com acquires Red Wall Marketing
Outbound.com, a leader in AI-driven marketing technology for small businesses, has announced the acquisition of Red Wall Marketing, a top-tier digital marketing agency and 2023 Google Premier Partner. This acquisition places Outbound.com among the elite top 3% of agencies, significantly expanding its reach and capabilities. Since its high-profile launch at the Synapse Summit on February…
SES S.A. acquires Intelsat S.A. in a $3.1 billion deal
PARIS, FRANCE: SES S.A. has announced the acquisition of Intelsat S.A. through a purchase agreement valued at $3.1 billion (€2.8 billion) in cash and additional contingent value rights. This strategic acquisition is poised to create a formidable multi-orbit operator with an extensive coverage area, enhanced resiliency, and a broadened suite of solutions. Strategic Benefits and…
Prudential Plc charts steady course with strategic market expansion
LONDON, UK: In the bustling financial landscape of 2024, Prudential PLC emerged with a robust Q1 performance, marked by an 11% surge in new business profit, reaching a striking $810 million, albeit excluding economic impacts. This growth was a testament to the company’s diverse geographical market presence. However, when economic impacts were factored in, the…
Air Astana initiates share buyback programme
LONDON: Air Astana JSC has announced the launch of a share buyback programme, approved by its Board of Directors on February 12, 2024. The programme aims to acquire up to 4,786,800 ordinary shares and global depositary receipts (GDRs), representing about 1.3% of the company’s total issued shares, with a budget of USD 12 million. This…
Morrisons strikes £2.5 billion deal with Motor Fuel Group
LONDON: In a landmark transaction, WM Morrison Supermarkets Limited, commonly known as Morrisons, has announced the successful completion of a £2.5 billion deal with Motor Fuel Group (MFG). The agreement sees the sale of 337 of Morrisons’ petrol forecourts, along with over 400 car park sites across the UK, earmarked for the development of ultra-rapid…
Poolbeg Pharma signs option agreement to acquire orphan drug candidate
LONDON, UK: Poolbeg Pharma (AIM: POLB) has entered into an exclusive 12-month option agreement with Silk Road Therapeutics Inc, for a nominal fee, to acquire a novel topical muco-adherent formulation of Pentoxifylline (tPTX) for the treatment of oral ulcers in patient’s suffering from Behçet’s Disease. There is a clear unmet medical need for an effective…
Kelso Group invests more in NCC
LONDON: In a strategic move, Kelso Group, a prominent acquisition vehicle listed on the main market, has announced the purchase of an additional 700,000 ordinary shares in NCC. This acquisition, following an initial share purchase in October 2023, brings Kelso’s total holdings to 2.2 million shares, averaging a cost of 117p each. NCC, known for…
Transense Technologies joins £37.8M LANDOne project with Airbus & ATI
LONDON: Transense Technologies plc, is pleased to announce that it has formally joined an Aerospace Technology Institute supported project, “LANDOne”, with Airbus to provide SAWsense technology and support the development of next generation landing-systems technology. LANDOne is a £37.8 Million project looking into new lighter, lower maintenance landing gear systems. Officially launched in 2022, Transense…
Northamber Plc acquired Tempura Technology and Tempura Communications for £6.02 million
LONDON: Northamber Plc (AIM:NAR), a leading value-add AV & IT distributor, has acquired Tempura Technology Limited (TTL) and Tempura Communications Limited (TCL) together with their respective subsidiaries. Tempura is a value-add distributor of unified communications including VoIP, connectivity, audio visual and video conferencing solutions in the UK, Ireland and the BeNeLux. The total consideration for…